Hi CharlesLooks like you have done pretty well.ASL a loser for...

Hi Charles

Looks like you have done pretty well.

ASL a loser for me last year, I did buy last year at 75..... and sold recently at 60 when their last financials looks so shoddy. But I can tell you some exploration mates are finding it pretty tough to get drill rigs out there at the moment so ASL should be creaming out for business. What disappointed me was that ASL's operating margin actually fell over the last period.... But on PE and div yield at current price they surely have little downside and nearly all areas of the mining industry are booming at the moment. Maybe ASL's next financials will be better.

However I recently bought TRG at 9.30. In two weeks now 11.30. Lucky timing for once. Nice stock, in funds management (a hot area of the market) has a high PE at 30 but they are growing very quickly. So selling duds like ASL sometimes a good strategy when this sort of portfolio move happens....

Am currently looking at AFC. Low market cap $20m, the area I like to get into. Drop me an email if you want to chat about it.

Cheers
ac